Grocery strike deal reached

Details of the pact weren’t immediately available, but both sides came away with a contract that they could defend in light of a dispute that was extremely costly to both sides, according to people familiar with the settlement.

The stores accomplished such goals as installing a two-tier system of employee compensation, under which new hires would earn considerably less in wages and benefits than current employees, the sources said.

There also would be a cap on how much the supermarkets contribute to their employees’ healthcare coverage.

I suspect it’ll be a long time before management holds out this long in a strike. The grocery chains lost 1.5 billion in sales, and many customers have gone elsewhere, maybe for keeps.